Classic overdraft - a simple solution for business
Classic overdraft - a simple solution for business
This convenient loan product helps you to pay for raw materials, equipment and services in a timely manner, pay taxes and fees, and maintain working capital.
The overdraft is activated automatically - if there are not enough funds on the account, the payment is made within the set limit. Repayment also occurs automatically from the proceeds on the account.
It is a convenient financial instrument that helps your business grow and strengthen your business reputation.
Main terms and conditions of overdraft:
Form of granting: opening a limit to the client's current account at JSB “Clearing House”.
The maximum term of the overdraft limit: up to 12 months.
Currency: hryvnia.
Interest rate: determined by the relevant collegial body of the bank.
Overdraft limit: up to 40% of the average monthly net credit turnover (proceeds from business activities) for the last 6 months on all current accounts with the bank and/or other banks.
Limit review: monthly.
Type of security:
suretyship of business owners (individuals);
property rights under contracts of business entities;
real estate;
current assets (goods in process, goods in circulation, finished goods);
